52 Quotes by Arthur Levitt

Fund directors should be on the front lines in defense of shareholder interest,

It has been almost 30 years since significant steps were taken to improve the mutual fund governance structure, ... Whether shareholders realize it or not, how directors fulfill their responsibilities directly affects them every day.

It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.

Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.

Our role is to maintain and monitor a framework in which fair competition can flourish.

Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.

That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information,

The American economy is the eighth wonder of the world. The ninth is the economic ignorance of the American people.

I worry the best execution may be compromised by payment for order flow, internalization, and certain other practices that can present conflicts between the interests of brokers and their customers.